Oil India Reports 62% Profit Surge in Q4 FY26 Amid Rising Revenue
Oil India Q4 results: Profit jumps 62% to ₹2,424 crore, revenue rises 4%
Business Standard
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Oil India Ltd (OIL) reported a 62% year-on-year increase in consolidated net profit to ₹2,424 crore for Q4 FY26, with revenues rising 4.4% to ₹10,012.77 crore. The company also announced a final dividend of ₹1 per share, complementing earlier interim dividends.
- 01Consolidated net profit for Q4 FY26 reached ₹2,424 crore.
- 02Revenue from operations rose 4.4% year-on-year to ₹10,012.77 crore.
- 03Oil India achieved a record daily crude oil production of 10,566 tonnes.
- 04The company drilled a record 74 wells and completed 307 workover jobs during the year.
- 05A joint venture for compressed biogas projects was approved by the board.
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Oil India Ltd (OIL) reported a 62% increase in consolidated net profit, reaching ₹2,424 crore for the fourth quarter of the financial year 2025-26 (FY26), compared to the same period last year. Revenue from operations also saw a 4.4% rise, totaling ₹10,012.77 crore. For the full fiscal year, OIL's consolidated net profit was ₹7,550 crore, marking a 7.2% increase from ₹7,039 crore in FY25. The company achieved a significant milestone in crude oil production, with a daily output of 10,566 tonnes, the highest in a decade, and reported total production of 0.891 million tonnes in Q4 FY26. The board has recommended a final dividend of ₹1 per equity share, in addition to previous interim dividends of ₹3.50 and ₹7 per share. Furthermore, OIL's board approved a joint venture with Hindustan Waste Treatment Private Ltd for developing compressed biogas projects, reflecting its commitment to sustainable energy initiatives.
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The profit increase and revenue growth may lead to enhanced shareholder returns through dividends, benefiting investors. Additionally, the record production levels indicate a robust operational performance, which could positively affect local economies dependent on Oil India's activities.
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